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IN BRIEF: TA Associates sells entire 12.6% stake in Auction Technology

12th Dec 2024 11:53

Auction Technology Group PLC - London-based auction market operator and auction technology provider - Funds managed by TA Associates Inc sell their entire 12.6% stake in Auction Technology. In a placing run by broker Peel Hunt LLP, the funds sell 15.3 million Auction Technology shares at GBP5.50 per share, worth GBP84.4 million. Auction Technology has a market capitalisation of GBP727.8 million.

Current stock price: 599.03p, up 6.0% in London on Thursday

12-month change: up 24%

By Tom Waite, Alliance News editor

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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